USDA Makes Residents Homeowners

BEXAR COUNTY (San Antonio Business Journal) – The U.S. Department of Agriculture (USDA) has distributed over $16 million of stimulus funding in direct or guaranteed loans to rural homeowners in the outlying areas of Bexar County.

The USDA Rural Development program has backed 120 single-family home loans in the area throughout the economic downturn. Down payments are not required, and borrowers must have sufficient income to repay the loan.